Under Armour (UAA) Receives New Coverage from Analysts at Buckingham Research
Research analysts at Buckingham Research started coverage on shares of Under Armour (NYSE:UAA) in a report issued on Friday. The firm set a “neutral” rating and a $17.00 price target on the stock. Buckingham Research’s target price points to a potential upside of 6.78% from the stock’s current price.
UAA has been the topic of a number of other reports. Stifel Nicolaus upgraded Under Armour from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $17.00 in a research note on Friday, December 15th. Wedbush restated a “neutral” rating and issued a $11.00 price target (down from $17.00) on shares of Under Armour in a research note on Wednesday, November 1st. Sanford C. Bernstein started coverage on Under Armour in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price target on the stock. Vetr downgraded Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price target on the stock. in a research note on Thursday, September 7th. Finally, Canaccord Genuity restated a “hold” rating and issued a $15.00 price target (down from $18.00) on shares of Under Armour in a research note on Thursday, October 12th. Eighteen research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have given a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and a consensus price target of $17.16.
Shares of Under Armour (UAA) traded up $0.20 on Friday, reaching $15.92. The company’s stock had a trading volume of 4,676,100 shares, compared to its average volume of 6,263,700. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Under Armour has a 1-year low of $11.40 and a 1-year high of $31.06. The stock has a market cap of $7,050.00, a P/E ratio of 49.75, a price-to-earnings-growth ratio of 4.15 and a beta of 0.04.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts expect that Under Armour will post 0.2 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of UAA. Baillie Gifford & Co. purchased a new position in shares of Under Armour during the second quarter valued at about $532,573,000. Vanguard Group Inc. purchased a new position in shares of Under Armour during the second quarter valued at about $393,172,000. BlackRock Inc. purchased a new position in shares of Under Armour during the second quarter valued at about $238,861,000. Bamco Inc. NY grew its position in shares of Under Armour by 10.8% during the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after purchasing an additional 750,325 shares in the last quarter. Finally, State Street Corp purchased a new position in shares of Under Armour during the second quarter valued at about $157,325,000. 30.98% of the stock is currently owned by institutional investors and hedge funds.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.